Parent company Hudson’s Bay Co., which liquidated the Canadian discount retailer shortly after it sold most of the banner’s leases to Target Corp. back in 2011, is reopening a Zellers store in Ottawa on Thursday.

Hudson’s Bay confirmed the somewhat surprising move, which was first reported by CTV News, but said it isn’t the start of a new push into deep discounting. Hudson’s Bay, which acquired high-end U.S. retailer Saks Fifth Avenue last year for $2.9 billion, also operates the Lord & Taylor and Hudson’s Bay department-store chains and a Canadian home-products chain called Home Outfitters. Read More »

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Canada Real Time provides insight and analysis into what’s making news in Canada, a country punching above its weight on the world stage thanks to its vast resources and strong banking sector. Drawing on the expertise of The Wall Street Journal and Dow Jones Newswires, we take a look at developments in fields ranging from business to politics to culture. You can contact the editors at canadaeditors@dowjones.com